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AI Forex Chart Review for Your Trading Journal

Review an MT5 chart with AI, check the explanation against the candles, and record your own observations in a trading journal.

When you review a forex trade after the session, the completed chart makes the outcome look more obvious than it was. Start with the chart you saw at the time. Use AI to put the visible structure into words, then write down what you observed and why you acted.

1. Start with the chart you saw at the time

Choose the pair and timeframe you want to review. If you are reviewing a past trade, open its screenshot and check the timestamp and the broker time zone. In Red Candle, you can import MT5 candles, open AI Analysis, and use Choose Screenshot to read the chart at the time of a Timeline screenshot. The imported candles need to cover that moment.

Look at the chart before reading the explanation. Write down the structure you see, one level above price, and one level below. If you need to export more history, see how to export candles from MetaTrader 5.

2. Check the AI explanation against the chart

Red Candle calculates structure and levels from your imported candles. Explain with AI turns those measurements into a written explanation. Compare the pair, timeframe and quoted levels with the chart before using the wording in your notes.

In the sample gold chart, support sits at 2,644–2,646, and 2,641 marks the last higher low. A close below 2,641 would end that sequence. The review question is what the close would change about the structure you observed. You can see how the app displays both sides of price in the AI Analysis example.

3. Record your own observation in the journal

Attach the screenshot to the trade and use Notes & lessons to record what you saw. A useful entry has three parts:

  • Context. ā€œPrice was near the resistance shown on H1.ā€
  • Decision. ā€œI waited for my checklist conditions to be met.ā€
  • Review. ā€œMy notes recorded the nearby resistance, but I left out the level below price.ā€

If you chose to skip the setup, keep the observation with your chart review. Save the wording you can verify, and use it to compare how you applied the same rule across sessions.

Try it in Red Candle

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Continue in the docs

AI Analysis →Import candles →Log a trade →
ā“˜ Educational content, not financial advice. Trading involves risk, and past results don't guarantee future results.
#ai chart analysis#ai trading journal#forex trading journal#chart review#mt5

About Red Candle Team

We build Red Candle, a desktop trading journal for forex and gold traders that keeps your charts, checklist and results on your own computer.

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